Despite startup millionaires, house & condo prices in SF Bay Area and condo prices in NY City fall from a year ago. Seattle down again. Los Angeles, Las Vegas lose steam. Phoenix, others running hot.
Strongest argument in favor of an air-walking economy is WeWork, Uber, Lyft, and other unicorns destined to never make a dime. Throwing billions of dollars at these losers is a recessionary harbinger.
Seattle house prices fall year-over-year. New York condos flat 24 months. San Francisco Bay Area flat 12 months despite startup millionaires. Los Angeles barely up from year ago. Boston ticks up…